DEF 14A: Cadre Holdings, Inc. Announces Details for 2024 Annual Stockholders Meeting

Cadre Holdings, Inc. will hold its annual stockholders meeting virtually on May 31, 2024, to elect directors, ratify the appointment of KPMG LLP as the independent auditor, and transact other business.

Summary

• Cadre Holdings, Inc. is holding its Annual Meeting of Stockholders on May 31, 2024, at 10:00 a.m. Eastern Time.
• The meeting will be virtual-only, conducted via live webcast.
• Stockholders of record as of April 19, 2024, are entitled to vote.
• The agenda includes electing five directors, ratifying the appointment of KPMG LLP as the independent auditor for the year ending December 31, 2024, and transacting other business.
• The Board of Directors recommends voting for the election of all director nominees and for the ratification of KPMG LLP's appointment.
• As of April 19, 2024, there were 40,606,163 shares of common stock outstanding and entitled to vote.
• Warren B. Kanders beneficially owns 33.5% of the outstanding common stock.
• FMR LLC owns 12.4% and Greenhouse Funds LLLP owns 6.1% of the outstanding common stock.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, which is generally neutral in tone. It provides necessary information for stockholders to make informed decisions. The sentiment is slightly positive due to the company's commitment to corporate governance and the inclusion of information about executive compensation.

Positives

• The Board of Directors is committed to sound and effective corporate governance practices.
• Four of the five board members are independent directors.
• The company has a compensation recovery policy in place.
• The company provides a means for stockholders to communicate with the Board of Directors.

Future Outlook

The Board expects to review executive compensation periodically to ensure that executive compensation remains competitive such that Cadre is able to recruit, incentivize and retain qualified executives.

Management Comments

• Warren B. Kanders, Chief Executive Officer and Chairman of the Board of Directors, cordially invites stockholders to participate in the Annual Meeting.
• The Board of Directors urges stockholders to submit a proxy to vote their shares in advance of the meeting.

Industry Context

The document does not explicitly discuss the broader industry context, but it does mention that the company models its corporate governance practices after the listing requirements of the NYSE.

Comparison to Industry Standards

• The document mentions Clarus Corporation and Star Bulk Carriers Corp. as companies where Cadre's directors also serve.
• The document references Armor Holdings, Inc., Dana Holding Corporation, and Visteon Corporation as previous employers of directors and executive officers.
• The document does not provide specific comparisons of Cadre's performance or practices to these or other industry peers.

Related Party Transactions

• As part of the Companys acquisition of ICOR Technology Inc. (ICOR) in January 2024, the Company paid a fee in the amount of $1,000,000 to Kanders & Company, Inc. (Kanders & Company) in consideration of the significant support received by the Company from the employees of Kanders & Company.
• As part of the Companys acquisition of Alpha Safety Intermediate, LLC (Alpha) in March 2024, the Company paid a fee in the amount of $1,750,000 to Kanders & Company in consideration of the significant support received by the Company from the employees of Kanders & Company.

Stakeholder Impact

• Stockholders are asked to vote on key proposals that will shape the company's governance and direction.
• Executive compensation is designed to align with the long-term interests of shareholders.
• The company's corporate governance practices aim to promote honest and ethical conduct.

Next Steps

• Stockholders are encouraged to vote on the proposals outlined in the proxy statement.
• The company will hold its Annual Meeting of Stockholders on May 31, 2024.
• The Board of Directors will continue to review and refine its corporate governance practices.

Key Dates

Keywords

proxy statement, annual meeting, stockholders, directors, KPMG, audit, executive compensation, corporate governance, beneficial ownership, virtual meeting